Operations in 2002 Quarterly Data and Key Figures Board Report Consolidated Financial Statements Parent Company Financial Statements Financial Notes Auditors’ Report The Share Corporate Governance

	Financial Notes		Reports 2002  >  Financials 2002  >  Financial Notes  >  Note 21 - Fair Value of Open Financial Instruments  Financial Notes All Notes 1.Accounting Principles 2.Financial Risk Management 3.Segment Information 4.Discontinued Operations 5.Acquisitions and Disposals 6.Other Operating Income 7.Staff Costs 8.Net Financial Items 9.Income Taxes 10.Depreciation, Amortisation... 11.Fixed Assets 12.Associated Companies 13.Available-for-Sale Investments 14.Other Non-Current Assets 15.Inventories 16.Receivables 17.Shareholders' Equity 18.Post-employment Benefits 19.Borrowings 20.Other Current Liabilities... 21.Financial Instruments 22.Commitments and Contingencies 23.Principal Subsidiaries... 24.Employee and Equity... 25.Earnings per Share 26.Subsequent Events 1.Accounting Principles 2.Other Operating Income 3.Materials and Services 4.Personnel Expenses 5.Other Operating Expenses 6.Net Financial Items 7.Depreciation According to Plan 8.Extraordinary Items 9.Fixed Assets 10.Depreciation Reserve 11.Receivables from Management 12.Long-term Investments... 13.Inventories 14.Short-term Receivables 15.Interest-Bearing Receivables 16.Shareholders' Equity 17.Long-term Liabilities 18.Short-term Borrowings 19.Other Current Liabilities 20.Commitments and Contingent... 21.Fair Value of Open Financial... Parent Company Financial Statements Note 21 - Fair Value of Open Financial Instruments As at 31 December Nominal Value   Fair Value EUR million 2001 2002 2001 2002 Interest-Rate Derivatives Interest-rate swap agreements 1 518.2 2 419.6 29.7 172.8 Foreign Exchange Derivatives Forward agreements 3 678.4 1 206.4 88.0 63.3 Cross-currency swap agreements 159.5 216.5 -24.0 -21.6 Foreign Exchange Derivatives 3 837.9 1 422.9 64.0 41.8 Commodity Derivatives: Energy 88.7 61.3 18.8 72.7 Equity Swaps 131.0 216.5 23.0 -55.5 The fair value of a derivative represents the result to date, being the movement away from the par nominal value.
	All Notes 1.Accounting Principles 2.Financial Risk Management 3.Segment Information 4.Discontinued Operations 5.Acquisitions and Disposals 6.Other Operating Income 7.Staff Costs 8.Net Financial Items 9.Income Taxes 10.Depreciation, Amortisation... 11.Fixed Assets 12.Associated Companies 13.Available-for-Sale Investments 14.Other Non-Current Assets 15.Inventories 16.Receivables 17.Shareholders' Equity 18.Post-employment Benefits 19.Borrowings 20.Other Current Liabilities... 21.Financial Instruments 22.Commitments and Contingencies 23.Principal Subsidiaries... 24.Employee and Equity... 25.Earnings per Share 26.Subsequent Events 1.Accounting Principles 2.Other Operating Income 3.Materials and Services 4.Personnel Expenses 5.Other Operating Expenses 6.Net Financial Items 7.Depreciation According to Plan 8.Extraordinary Items 9.Fixed Assets 10.Depreciation Reserve 11.Receivables from Management 12.Long-term Investments... 13.Inventories 14.Short-term Receivables 15.Interest-Bearing Receivables 16.Shareholders' Equity 17.Long-term Liabilities 18.Short-term Borrowings 19.Other Current Liabilities 20.Commitments and Contingent... 21.Fair Value of Open Financial...